Hi I personally use IC Markets. They're not so much zero spread (you do see zero on some pairs) ,as low spread with around a 0.7% commission.

Simple Scalping

I think more than psychology its patience and common sense. If you look at your chart, although its ranging, the short trade in the middle was good value.I know that strictly, the MA had crossed but looking to the left there was obvious resistance ...

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Hi No, I have mine set at 25 with a standard deviation of 2, set to close

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Yes precisely. However on your chart a signal doesn't appear to have been generated, but it should have been. Are your bbs set correctly?

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Just a pointer for those of you struggling with the subjective element of this strategy. Switch to the next tf up, and mark the nearest S or R above or below. Switch back to your trading tf, and if multiple signals are being generated (ie price ...

Simple Scalping

Not been on here for a while. Hope its all working well for you. I gave up on my S & R experiment.Was still trading this method daily alongside. Scalping is definitely the ticket. Just be in the market when you want to be.

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Don't give up. Most people never realise how close they were to succeeding when they binned it. This method is very subjective but it also adheres to the normal rules of S&R. On your chart, draw in lines where price recently rejected up or down and ...

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Nice work mate. Don't lose sight of what is working for you. Like they say, no point in fixing something that isn't broke.

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Trades at the moment . Ive added a second line which is just the H1 resistance that was created at around the same time as the daily one. This creates a more comfortable s&r "zone"

S & R Experiment

Just started that new thread here url

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I saw that one. Wasn't happy with it because the double bottom was formed right on what had previously been strong long term resistance. As its ranging on the higher tfs and clearly approaching a top I'm leaving EU alone for now on this method. I'm ...

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No. I just look at the price action and chart structure. One little point to keep in mind is that more often than not( in fact most of the time) when price first breaks the BB, whatever price the MA of the BBs was at at that time is nearly always ...

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Hi, Just that the MAs may possibly lend a dynamic support or resistance. However, as we know, s/r is rarely a definitive level and more of a zone. The double MAs give us that zone.It often stops you "jumping the gun" when price appears to break the ...

Simple Scalping

Well said. If you were to visit any given desk in the city you wouldn't even hear the words "stop loss". That's because they survive with proper money management. My personal MM is never to be exposed by more than 1 micro lot per $50 in equity (not ...

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Whatever you're comfortable with mate. I fiddled with the settings quite a bit and settled on 2.0. As its not a method set in stone and requires a certain amount of discretion and PA reading, why not.

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Hey mate , nice one. To be honest my trading has to fit in with my lifestyle, not the other way round! There are plenty of opportunities that crop up during the day but the days are gone where I sit in front of my computer all day. In fact, I'm ...

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When I say a concisive move, I mean making new highs or lows towards the MAs. As this is essentially a trend trading method, albeit scalping, we would be trading against a fractal trend within ours. In that case the MAs may well lend S/R.

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I always think when I see price making a concisive move towards the MA area, its probably best to wait to see the PA once it gets near. The better trades seem to be when price is getting tired and still a way off the MAs

Simple Scalping

Hey there Just talking from a personal point of view, as my TP will be somewhere in the opposite bands, I like to see at least 9 or 10 pips distance there, more for the pairs with higher spread. I don't trade at all before red news, but after its ...

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